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The Egyptian pound recorded a rise of 30.8 piasters against the US dollar during 2020, despite the severe economic effects of the novel coronavirus (COVID-19) crisis.
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The Central Bank of Egypt (CBE) decided to extend two initiatives to relieve the debt for defaulting companies and tourism businesses for a six-month period ending on 30 June 2021.
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The EGX could move to slash the cost of the electronic system needed to short sell on the bourse if brokerages request a lower price tag, EGX Chairman Mohamed Farid said.
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Egyptian government plans to borrow EGP 647.5bn from the local market through issuing treasury bills (T-bills) and bonds during the third quarter of FY20/21, according to a government document…
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The African Continental Free Trade Area (AfCFTA) has seen light at the beginning of the new year 2021 after a delay of several months due to the novel coronavirus (COVID-19) outbreak.
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The Commercial International Bank (CIB) announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through the Carbon Disclosure Project (CDP).
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The ordinary general meeting (OGM) Fawry for Banking Technology and Electronic Payments approved a loan agreement worth EGP 160 million between its subsidiary Fawry Microfinance Co and the…
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Ghabbour Auto (GB Auto) said that its subsidiary GB Lease concluded its  second  securitised bond offering at a value of 2.041 billion Egyptian pounds.
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Egypt's Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected 3.7 billion Egyptian pounds into 124,000 MSMEs with during the first 11 months of 2020.
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African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic.
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